Guide
Loss Assessment Calculator Explained
How to use the loss assessment calculator for master policy deductibles: per-unit share, HO-6 coverage gap, and vs special assessment tools.
By True Condo Cost editorial team · Editorial standards
When master policy deductibles are large, owners may be assessed before coverage pays. The loss assessment calculator estimates your share and compares it to HO-6 limits.
Inputs from declarations pages, equal-split math, and when to use the special assessment calculator instead.
Calculators for this topic
Explore more tools for your condo search
- Loss AssessmentFree loss assessment calculator for condos: estimate your share of a master policy deductible and compare it to HO-6 loss assessment coverage limits.
- Condo InsuranceFree condo insurance calculator and cost estimator: enter your HO-6 quote to see monthly premium impact on total housing cost. No signup required.
- Special AssessmentEstimate the monthly or lump-sum cost of a condo special assessment.
Last updated: June 2026
What a loss assessment calculator does
A loss assessment calculator estimates your share of a master policy deductible when the association assesses owners before insurer payment on a covered claim. It helps you compare that exposure to HO-6 loss assessment coverage limits—not to predict whether a claim will happen.
Open the tool at /calculators/loss-assessment. For policy concepts, read loss assessment coverage and master policy deductible explained.
Loss assessment vs special assessment calculators
| Calculator | Models | URL |
|---|---|---|
| Loss assessment | Master deductible pass-through after claims | /calculators/loss-assessment |
| Special assessment | Capital projects and reserve levies | /calculators/special-assessment |
| HOA reserve risk | Percent funded and project share | /calculators/hoa-reserve-risk |
Searchers looking for a condo master policy deductible calculator usually want loss assessment math. Enter the deductible from declarations pages or building insured value times percentage.
Inputs and interpretation
- Master deductible total or building value + deductible percent
- Unit count in the association
- HO-6 loss assessment limit from your quote
- Optional months to spread if the board finances the charge
Example: Illustrative split
A $2 million master wind deductible on a 100-unit building implies about $20,000 per owner on a simple equal split before coverage pays. HO-6 loss assessment coverage of $25,000 may cover qualifying charges up to that limit—policy language controls.
Frequently asked questions
- What is a condo master policy deductible calculator?
- A tool that divides the association master deductible by unit count to estimate owner share. Our loss assessment calculator performs this math.
- Does loss assessment coverage pay automatically?
- Only for qualifying assessments per HO-6 policy terms and within your limit. Confirm with your agent.
- Is this the same as a special assessment calculator?
- No. Special assessments usually fund capital repairs. Loss assessments often follow insurance deductible funding.
- Where do I find the master deductible?
- Request insurance declarations in the HOA resale packet. Wind and earthquake lines may use percentage deductibles.
Sources to verify before buying
Use this checklist during due diligence. Calculators help you plan; these documents tell you what a specific building actually costs.
- HOA budget and most recent financial statements
- Reserve study and percent-funded summary
- Master insurance policy declarations and renewal terms
- Board meeting minutes from the past 12–24 months
- Pending or approved special assessment notices
- County or municipal property tax estimator for the unit
- HO-6 insurance quote matched to master policy coverage
- Lender condo questionnaire or project approval status
Related calculators
Explore more tools for your condo search
- Loss AssessmentFree loss assessment calculator for condos: estimate your share of a master policy deductible and compare it to HO-6 loss assessment coverage limits.
- Condo InsuranceFree condo insurance calculator and cost estimator: enter your HO-6 quote to see monthly premium impact on total housing cost. No signup required.
- Special AssessmentEstimate the monthly or lump-sum cost of a condo special assessment.
Related guides
Learn the basics before you run the numbers
- Loss Assessment CoverageWhat condo loss assessment coverage pays, how master policy deductibles trigger owner bills, and how much HO-6 coverage to buy before you close.
- Condo Master Policy Deductible ExplainedHow master policy deductibles work in condos, when owners get assessed, and how to size loss assessment coverage before you close.
- Condo Wind & Named Storm InsuranceNamed storm deductibles, master wind coverage, loss assessments, and HO-6 limits for coastal condo buyers reviewing association insurance.
- Special Assessment Calculator ExplainedHow to use a special assessment calculator to spread a lump-sum HOA charge into monthly cost—and when to stress-test during diligence.